Global carbon markets value hit record $949bn in 2023

CarbonCapture raises $80m from Saudi Aramco, others

CarbonCapture builds modular machines that contain material that absorbs carbon dioxide when cooled and releases it when heated

Maritime sector GHG emissions could rise 44% by 2050, reveals report Image Getty Images for illustrative purposes

Maritime sector GHG emissions could rise 44% by 2050, reveals report

Maritime transport currently contributes to 3 per cent of global greenhouse gas emissions, which amounts to a massive 1,708 million metric tonnes

Aramex rolls out e-bikes, electrifies last mile delivery Image supplied

UAE: Aramex electrifies last-mile delivery with new e-bike fleet

The move comes after Aramex successfully launched electric vans in the UAE last year and Jordan in 2017

Red Sea

Ship sunk after Houthi attack could lead to environmental disaster in Red Sea

The Rubymar went down in the southern Red Sea late on Friday or early on Saturday

DR SULTAN AL JABER - FATIH BAROL - IEA - CLIMATE ACTION - COP28

IEA meet: COP28 President, climate and energy leaders urge concerted global action

High-level roundtable convened countries from around the world to discuss actions needed to achieve key energy targets agreed at COP28 and keep 1.5 °C goal within reach

Ajman urges drivers: Switch off your engines at red lights

Ajman’s municipality is asking motorists to voluntarily turn off their vehicle engines whenever they stop at a timed red light

Funding for green-hydrogen plant - sustainable

UAE, Germany’s Baden-Württemberg forge green partnership for sustainable industry growth

Key areas of collaboration include AI, smart manufacturing, smart health, and aerospace

Global carbon markets value hit record $949bn in 2023

Global carbon markets value hit record $949bn in 2023

Many countries have launched trading systems to put a price on carbon emissions and incentivise companies to invest in low-carbon technology

COP 28-DR-SULTAN-AL-JABER-UAE

UAE launches climate ‘troika’ with future COP presidencies Azerbaijan, Brazil

Past and future UN climate conference hosts the UAE, Azerbaijan and Brazil announced a “troika” with an aim to keep the goal of limiting global warming to 1.5 degrees Celsius, alive

AW Rostamani, Zeekr to launch premium EVs in UAE

Luxury EVs: AW Rostamani, ZEEKR unveil new cars for UAE

ZEEKR’s premium models will be available for test drives and bookings starting from March

WGS 2024: Dubai inks MoU with global companies to produce SAF

Dubai Municipality, which leads the project, has partnered with ENOC, BESIX Middle East, and Marubeni Middle East and Africa Power

electric

What does the ‘all-electric lifestyle’ mean for businesses?

As conversation heats up over the energy transition, Qasem Noureddin, commercial director, Eaton Middle East, examines why circular economy thinking will be increasingly influential in the electrical industry

Masdar City - Alesca vertical smart farm

Masdar City launches first indoor vertical farm

The vertical farm uses 90-95 per cent less water than conventional farms

Dubatt unveils first fully integrated battery recycling plant_Image_Dubai Media Office

UAE’s first battery recycling plant to power circular economy

Dubatt Battery Recycling’s fully integrated battery recycling plant – the first of its kind in the UAE – has been formally inaugurated at Dubai Industrial City

Summer solstice - temperature - 1.5 degrees C

Global temperatures cross 1.5 degrees C threshold over 12 months

Every month since June 2023 has been the world’s hottest on record, compared with the corresponding month in previous years

Amit Midha, Global CEO of Alat

Amit Midha to lead PIF-owned Alat as global CEO

Midha, a seasoned business leader with experience across Asia, the US, India, and Singapore, joins Alat from Dell Technologies

Heriot-Watt University Power Letters 2024: Training students for green collar jobs

Power Letters 2024: Preparing students for ‘green collar’ jobs

The provost and vice principal at Heriot-Watt University Dubai is hopeful about a future where students are trained for ‘green’ jobs

Sheilkh Mohamed extends year of sustainability to 2024 GettyImages-1235290287-e1701427465565

UAE: Sheikh Mohamed extends Year of Sustainability into 2024

The announcement reaffirms the nation’s commitment to establishing a sustainable and prosperous future for its people

Emirates joins forces with UK in sustainable aviation push Image Emirates X

Emirates joins forces with UK in sustainable aviation push

The Solent Cluster has the potential to create a sustainable aviation fuel plant with an estimated fuel production capacity of 200,000 tonnes (200 kt) per year

CENTREPOINT-LANDMARK GROUP - PATH TO NET ZERO

‘Survival of the most sustainable one’: The new mantra for a net zero future says Landmark Group CFO

Rajesh Garg, group chief financial officer and chief sustainability officer at Landmark Group speaks to Gulf Business about the green ethos driving the change in the retail giant’s operations and outlook.

Interview: Addleshaw Goddard's Alexander Sarac shares key trends in carbon trading

Addleshaw Goddard’s Alexander Sarac shares key trends in carbon trading

Large-scale carbon capture and storage investments will likely only be made if the regulatory pressure rises and/or if the carbon price in the market is high enough to capture this extra cost

Dubai news _Yousuf Lootah Head of DET Environmental Sustainability Social Responsibility Committee at the award ceremony for DET's DST stamp initiative Image Supplied

Dubai Sustainable Tourism Stamp: DET awards 70 hotels; see list

Dubai is the first city in the region to mandate sustainability criteria for its hotel classification system, with the DST initiative further reinforces its drive to become a leading sustainable destination

clean growth -sustainability

Green Economy Partnership headquarters set up in Doha, Qatar

The organisation aims to amplify its impact on global climate initiatives, emphasising collaboration with governments and the implementation of CO2 removal projects that fall under Article 6 of the Paris Agreement

climate

Women can drive climate action in the region, here’s how

The Middle East is home to many women-led initiatives that have brought about positive climate action, ranging from renewable energy projects to sustainable agriculture practices

BUILT WIND POWER

The case for decarbonising the built sector

Circularity has the potential to create substantial economic advantages, with projected yield on annual net profit gain of up to $46bn by 2030

e& enterprise signs partnership with fils image e&

Dubai: e& enterprise partners with Fils to introduce carbon offsets

This initiative aligns with e& enterprise’s commitment to promoting green business models

Abu Dhabi to enable recycled water supply to 1,600 farms image Abu Dhabi Media Office

Abu Dhabi to enable recycled water supply to 1,600 farms

ADAFSA has a system in place to monitor the quality and safety of recycled water before distributing it to farms

Bahrain Steel company to receive Dhs450m SLL Image Getty images

Bahrain Steel to receive $450m sustainability-linked loan from bank consortium

The SLL’s framework incentivises Bahrain Steel to exceed mandatory greenhouse gas emissions reductions, facilitating the company’s transition toward lower carbon operations

The Global Citizen Forum 2023

Global Citizen Forum: The ‘Earth Age’ dawns in Ras Al Khaimah

By bringing together diverse voices and fostering collaboration, the latest edition of the Global Citizen Forum encouraged positive change across communities

single-use plastic ban starts on Jan 1

Dubai ban on single-use plastic bags begins; more products to be added in 2025-26

From January 1, 2025, single-use plastic products, including items such as plastic stirrers, table covers, cups, styrofoam food containers, plastic straws, and plastic cotton swabs, will also be prohibited